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Magic EA Free MT5

Magic EA is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic and 3 other strategies managed and decided with the robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA don't need any professional information or Forex Trading Knowledge. EA can trade on all symbols and all time frames, using special and unique strategies developed by the author.

The EA works with low margin levels and thus has low risk.

Free Version can trade on EURJPY Lots 0.01. For Full Version use Magic EA MT5.


Using EA :


The EA is very simple and without complicated input parameters.

These are main parameters must be set :

  • General Options
  • Time Frame : Time frame for trading.
  • Trade Type : Long/Short/Both/No-Hedge
  • Stop Trading : if true, EA don't open a new position. Only manage already opened.
  • Minimum Distance to Open New Position : Distance to ignore new signals if older positions exist.
  • Maximum Spread to Open Position : Spread to stop trading
  • Magic Number : Any constant ID.
  • Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.
  • Closing Positions
  • Take Profit : TakeProfit in Points
  • Action for in-Loss Positions : Averaging-Add,Averaging-Multiply, StopLoss, WaitforTP
  • Stop Loss : StopLoss in Points. Only act if the StopLoss option selected above.
  • Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.
  • Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
  • Averaging Volume Add : Volume adding if averaging selecting above.
  • Averaging Maximum Volume Per Trade
  • Averaging Maximum Number of Trades
  • Volume Settings
  • Volume Calculation Method : Fixed, Dynamic Lots or Risk Percent based on Balance/Equity/Free Margin
  • Fixed Lots : Volume of trading
  • Lots Per 1000 : Volume per 1000 Balance/Equity/Free Margin
  • Risk Percentage
  • Maximum Volume Per Trade
  • Minimum Volume Per Trade
  • Trailing/Break Even
  • Trailing Stop Loss : Enable/Disable Trailing Stop
  • Trailing Start : Trailing Start Distance in Points.
  • Trailing Stop : Trailing Stop Loss Distance in Points.
  • Trailing Step : Distance to apply Trailing Stop Loss in Points.
  • Break Even : Enable/Disable Break Even
  • Activate Break Even After Loss : Distance to apply Break Even in Points
  • Day and Time Filters
  • There are options to stop trading on specific days and hours
  • News Filter Inputs
  • Block Trading During Low Impact News
  • Minutes Before/After Low Impact News
  • Block Trading During Medium Impact News
  • Minutes Before/After Medium Impact News
  • Block Trading During High Impact News
  • Minutes Before/After High Impact News
  • Notifications


* All above default point inputs are for 5digit accounts. if your account is 4digit use 0.1x numbers.



Optimizing EA :


(important) Optimize EA for the last 6 month before using, and update optimization every 1-2 month.

There is no any parameter to optimize EA signal engine. The only parameters are user money management inputs.

Optimization of EA is so fast and easy. We recommend these Optimization inputs :

  • Load all Default Values
  • Test with Every Tick Based on Real Ticks
  • Time Frame Bounds : M5 to D1
  • Take Profit Bounds : 100 to 1000 step 100 (10 to 100 step 10 for 4digit accounts)
  • Averaging Distance Bounds : 500 to 8000 step 500 (50 to 800 step 50 for 4digit accounts)
  • Averaging Volume Multiplier  Bounds : 1 to 5 step 0.5

It is strongly recommended to optimize EA based on the example demonstrated in the video.



 
Recommendations and Using Conditions :

  • EA Only works on Hedge Accounts (netting is not supported)
  • You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
  • If you attach EA to multiple charts, decrease volumes to reduce your risk.



Activating News Filter :

  • Enable "Allow Webrequest" on Tools/Options/Expert Advisors and add http://ec.forexprostools.com/ to the list.
  • News Filter will not work in tester because of MQL limitations.



We are ready to help you for using the EA, Please don't hesitate to contact us.
Visit our other useful utilities, Indicators and experts here.


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Capital Driver is a high frequency trading. The expert system traverses the entire history and all currency pairs with a single setting. If there is a commission on the account, it must be converted into the equivalent of the spread and fill in the Commission field. The lower the commission and the spread, the greater the profit. The more delay your broker has in the amount of the Internet channel, the higher you need to set stop loss, take profit and virtual stop so that the server can process
499 USD
Aura Oil Trader MT5
Stanislav Tomilov
Price $499 2 of 10 copies left at this price Next 10 copies $599 Telegram channel:  https://t.me/aura_gold_ea RECOMMENDED BROKER #1   RECOMMENDED BROKER #2   Aura Oil Trader EA  is a fully automated EA designed to trade   BRENT   crude   oil. It is based on machine learning cluster analysis and genetic algorithms. EA contains self-adaptive market algorithm, which uses price action patterns and standard trading indicators (CCI,ATR). Expert showed stable results on BRENT in 2001-2020 period. No d
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EA Scalper MT5
Valerii Gabitov
To keep abreast of the latest news and settings, join the telegram group:  Telrgram channel for important messages on trading advisors from my profile  https://t.me/MTMessages ENG  https://t.me/moderntehnology RUS  https://t.me/dynamictime Before opening each trade, EA checks the trading leverage of the account as well as the margin level. I do not recommend using more than 1: 100 leverage, please be aware of the risks. The EA will not open a volume that will lower your margin to less than 200
280 USD
London dynamics MT5
Vadim Zotov
Trading during the London session based on the analysis of market dynamics. To open a deal, the robot uses data from the Asian and London sessions. Trading is performed on the basis of accurate calculations and forecasts, without indicators, without risky strategies such as martingale. Trades are protected by stop loss. Minimum balance from $ 10.   There is a version of the robot for MT4 Features of the strategy During the Asian session, exchange rates usually come to some kind of steady sta
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Money Mind BTC
Antonio Simon Del Vecchio
Money Mind (BTC) The Expert Advisor Money Mind (BTC) is an EA that adjusts under a mathematical analysis to the trend that the bitcoin is presenting with respect to the dollar, discovers the retracement in the Price to enter in buy or sell, depending on the trend. Money Mind (BTC) will always seek to make its operations in favor of the trend and adjusting the volume of each order to decrease the risk. A great advantage of Money Mind (BTC) is that its ready to be used without needing to configure
200 USD
PS Tsunami EA MT5
Miguel Angel Vico Alba
Special offer 50% discount: $ 199 (Before $ 399) The primary focus in the development of this EA was security by eliminating the risk of a large DD (DrawDown) that is generally associated with most grid systems on the market. A great effort was made to make good innings and the strategy was reinforced with a smooth grid. The end result is much higher returns than any other similar system. The EA works with EURAUD, EURCAD, EURGBP, EURUSD and XAUUSD (GOLD) . The EA works in any TimeFrame, that is
199 USD
NewsCatcher Pro for MT5
Evgeniy Scherbina
NewsCatcher Pro opens both pending and market orders based on data from the mql5.com calendar. In live mode, NewsCatcher Pro automatically downloads the calendar, opens orders, trails and closes orders. Signal: https://www.mql5.com/en/signals/866711 NewsCatcher Pro can trade any event from the calendar with any symbol available in MetaTrader, including Gold, Oil and cross-rates. To change the default symbol, go to the event view you want to change it for. NewsCatcher Pro uses two strategies: S
125 USD
Bazava MT5
Vsevolod Gorkovtsov
Bazava is a fully automated trading system on NZDUSD M5 . It uses a proprietary price action strategy to identify only the safest entry points.  Trading occurs mostly during periods of the calm market as the EA combines price action with volatility filtering to guide you on the right side of the market. You can limit max. position holding time using the TradeDuration parameter. See screenshots Features Stable growth curve as a result of a high percentage of winning trades Stress-tested on all a
169 USD
Castor EA
Alexandr Kalinovskiy
Castor is an automatic trading system that uses impulses at certain trading intervals.  It does not use any indicators. The Expert Advisor opens trades on the breakdown of the levels that are determined by the system in certain time intervals. The Expert Advisor works best on the EURUSD pair, but it can also be used on GPBUSD. All trades are closed as quickly as possible, so I recommend using brokers with a minimum spread and fast execution of trades. The work of the Expert Advisor on a real
299 USD
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Definition : VPO is a Volume Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words volume-price-opportunity (VPO) profiles are histograms of how many volumes were traded at each price within the span of the profile. By using a VPO chart, you are able to analyze the amount of trading activity, based on volume, for each
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Loss Recovery 2 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods. Trading Strategy: Loss Recover2 EA try to close wrong positions without any loss (Recover Wrong Positions), by using Zone Recovery method and without using martingale methods. Anytime price exits from zone, EA will close basket
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Loss Recovery 3 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position on Break Even or with determined profit. Trading Strategy: Loss Recover3 EA try to Recover Wrong Positions, by using Averaging method. There are various features on the EA to control risk of the strategy. Using EA : The EA is very simple and without complicated input para
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